The intention of the US found its feature through a clear formulation in the Agreement for the IBRD. The "purposes of the Bank” were defined as follows: "To promote private foreign investment by means of guarantees or participations in loans and other investments made by private investors; and when private capital is not available on reasonable terms, to supplement private investments by providing, on suitable conditions, finance for productive purposes out of its own capital, funds raised by it and its other resources”.
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agreement bank capital clear feature finance found foreign formulation intention investment private providing reasonable supplement means conditions funds ibrdRelated quotes
I then went on to suggest that we make a serious effort to gauge the demand over the next five to ten years, and make plans to meet that demand. In building new facilities, I suggested that we "use corporation funds for such new plants needed for armament if that gives us better control over same from the long term position in relation to the master plan." Accelerated depreciation made the use of corporate funds all the more feasible, and relieved the government of the necessity of providing capital for the plants.
Alfred P. Sloan
In the minds of many writers systems engineering is synonomous with component selection and interface design; that is, the systems engineer does not design hardware but decides what types of existing hardware shall be coupled and how they shall be coupled. Complete agreement that this function is the essence of systems engineering will not be found here, for, besides the very important function of systems engineering in systems analysis, there is the role played by systems engineering in providing boundary conditions for hardware design.
A. Wayne Wymore
I know of no other nation in history that deliberately fought a major war with no intention or effort to use its full available forces to carry the war to the enemy's heartland: in Vietnam the capability to do so clearly existed. The effect of this strategy on the attitudes of our own people, and on foreign attitudes toward America, are well known. Less well known are its consequences in Southeast Asia, which include the exodus of the boat people from Vietnam and the Communist genocide in Cambodia.
Lewis F. Powell, Jr.
But that the state in general sees as right the sole means of accepting interest-bearing loans - thus debts, when it needs money and applies its other sovereign rights today only in an underhand manner to collect the incurred debts from the people, these are conditions for which one seeks in vain for a reasonable explanation. There is indeed no reasonable explanation for it, but only the fact that our entire thought even in national financial political matters is directed or corrupted in a private capitalistic manner.
Gottfried Feder
The private ownership of great art, its seclusion from the general view of men and women, let alone from that of interested amateurs and scholars, is a curious business. The literal disappearance of a Turner or a Van Gogh into some Middle Eastern or Latin-American bank vault to be kept as investment and collateral, the sardonic decision of a Greek shipping tycoon to put an incomparable El Greco on his yacht, where it hangs at persistent risk - these are phenomena that verge on vandalism.
George Steiner
